Ameris Bancorp Stock Forecast
Ameris Bancorp stock price down 0.503% on Tuesday
(Updated on May 07, 2024)
The Ameris Bancorp stock price fell by -0.503% on the last day (Tuesday, 7th May 2024) from $49.75 to $49.50. During the last trading day the stock fluctuated 1.70% from a day low at $49.44 to a day high of $50.28. The price has risen in 6 of the last 10 days and is up by 3.43% over the past 2 weeks. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 204 thousand shares were bought and sold for approximately $10.11 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $49.85 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.18% during the next 3 months and, with a 90% probability hold a price between $45.67 and $50.94 at the end of this 3-month period.
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ABCB Signals & Forecast
The Ameris Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $48.82 and $47.15. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -0.642%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Ameris Bancorp stock
Ameris Bancorp finds support from accumulated volume at $48.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.84 between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 1.97%.
The Ameris Bancorp stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $48.17 (-2.69%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ABCB) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Ameris Bancorp to open at $49.74, and during the day (based on 14 day Average True Range), to move between $48.35 and $50.65, which gives a possible trading interval of +/-$1.15 (+/-2.32%) up or down from last closing price. If Ameris Bancorp takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.75 (0.51%) than the support at $48.03 (2.97%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Ameris Bancorp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ameris Bancorp stock to perform well in the short-term.
Current score: 2.037 Buy Candidate Unchanged
Predicted Opening Price for Ameris Bancorp of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $49.74 ( 0.485%) | $49.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABCB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.58 | 2.18 % | |
| R2 | 50.26 | 1.53 % | ||
| R1 | 50.06 | 1.13 % | ||
| Current price: | 49.50 | |||
| Support | S1 | 49.42 | -0.163 % | |
| S2 | 49.22 | -0.564 % | ||
| S3 | 48.90 | -1.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 49.82 | 0.646 % | ||
| R1 | 49.75 | 0.505 % | ||
| Current price | 49.50 | |||
| Support | S1 | 48.03 | -2.97% | |
| S2 | 47.42 | -4.20% | ||
| S3 | 45.59 | -7.90% |
ABCB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 27, 2024 | Apr 08, 2024 | $0.150 | 0.315% |
| 2 | Dec 11, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.150 | 0.291% |
| 3 | Sep 15, 2023 | Sep 28, 2023 | Oct 09, 2023 | $0.150 | 0.392% |
| 4 | Jun 05, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.150 | 0.435% |
| 5 | Mar 16, 2023 | Mar 30, 2023 | Apr 10, 2023 | $0.150 | 0.432% |
FAQ
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